World Bank gives Tonga US$1.27 million over cyclone

Tonga will receive US$1.27 million or TP$2,362,351.27 from the World Bank to help its recovery after Cyclone Ian. The World Bank says Tonga will be the first country to benefit from a payout under its Pacific Catastrophe Risk Insurance Pilot. Tonga is one of 6 Pacific island countries – together with Cook Islands, Marshall Islands,…

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